111 Lee Road 620AuburnAL36832
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Auburn at 111 Lee Road 620, Auburn, AL, 36832 offers a 7.55% rental yield on a $152,600 purchase with $960/mo rent. Total monthly income registers $960/mo, and a $747/mo payment leaves $99/mo available for distribution. Annual cash flow reaches $1,183/yr on $50,587 to close, and return on cash invested stands at 22.25% in year one. Equity gained on principal adds $985/yr while 5% annual appreciation supports $42,161 over five years. Portfolio math shows five-year ROI at 114.71% and total cumulative return in cash at $58,026. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $960/mo property income against a $747/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36832, Auburn, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,078 (100%) |
| Owner Occupied HU | 5,793 (36.0%) |
| Renter Occupied HU | 8,478 (52.7%) |
| Vacant Housing Units | 1,807 (11.2%) |
| Median Home Value | $295,260 |
| Average Home Value | $326,059 |
Housing Distribution
Address Breakdown
Residential
14,385
Single Family
7,132
Multi-Family
7,253
Businesses
386
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Listed by: JUSTIN RIVERS • THE PRIME REAL ESTATE GROUP
Mls Name: LCMLS
Mls ID: #172278
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Data Exchange Program of Lee County Association of REALTORS. Information is deemed reliable but is not guaranteed.